Who uses employee financial participation in an adverse environment? The case of Estonia

Jaakson, Krista; Kallaste, Epp

doi:10.1177/0143831x14546240

Cited by 5 publications

(12 citation statements)

References 44 publications

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“…The respondents who participated in the qualitative research also argued that broad-based employee ownership plans have little popularity in the Baltic countries (interviews with EE3, LV1, LV2, LT1, LT3, LT5, LT6, LT7). This proves earlier findings that previously active share ownership schemes were closed later in the Baltic countries (Jaakson & Kallaste, 2014).…”

Section: Employee Ownershipsupporting

confidence: 89%

“…The third period could be viewed as especially conditional because only some research discusses the effects of the economic/financial crisis for initiatives of PS and employee ownership plans (Berķe-Berga, 2013;Jaakson & Kallaste, 2014). …”

Section: Employee Share Ownershipmentioning

confidence: 99%

“…There are no special registers for companies using PS or employee ownership plans. However, some surveys have been done in Estonia and Latvia by academic researchers (Berķe-Berga, 2013;Jaakson & Kallaste, 2014).…”

Section: Scope Of Employee Financial Participationmentioning

confidence: 99%

“…The current topics in financial employee participation research are related to the studies of organisational effects and institutional settings (Jaakson & Kallaste, 2014;Eamets et al, 2008;Rimas, 2009), the historical tradition based on negative effects of post-Soviet privatisation (Eamets et al, 2008), influence of employee motivation on productivity improvement (Berķe-Berga, 2014) or search for the "best fit" model of employee ownership (Berķe-Berga, 2013). Lawyers and consultants have published some informative articles about financial employee participation schemes with the focus on possible motivational effects that can be achieved.…”

Section: Introductionmentioning

confidence: 99%

“…Lawyers and consultants have published some informative articles about financial employee participation schemes with the focus on possible motivational effects that can be achieved. It must be emphasised that the Baltic states have a very low occurrence of employee financial participation as well as little support (Eamets, 2008;Mygind, 2012;Jaakson, 2014;Berke-Berga, 2013). Up to now, employee financial participation has been regulated to a very low extent in the Baltic states (Lowitzsch, 2009a).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

Civinskas

Dvorak

2017

Engineering Management in Production and Services

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The article discusses the issues of employee financial participation in Baltic states which differs and depends on political, legal and economic preconditions. The aim of the research is to analyse employee financial participation as an instrument for collaboration in companies and a new social cooperation model in the Baltic states. The qualitative research was conducted by telephone and e-mail in 2016. The interviews were carried out with the experts (academics, civil servants, lawyers and human resource consultants working in a relevant field) as well some trade union and company representatives. In general, the new policy for supporting employee financial participation has been renewed in Latvia and Lithuania. It started recently with the revision of the legislative framework that was initially established during the privatisation period. The revision of the Law of Companies was driven by the business interest (to have a new effective human resource management tool or to transfer employee share plans from parent companies in Western countries to subsidiaries in the Baltic states) to introduce (or revise, in the case of Lithuania) new employee share ownership (ESO) plans. The research has also proven that there are common similarities in the use of employee financial participation plans despite the existing differences which are based on national features, such as tax and legal regimes, historical development patterns, or economic and structural factors.

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Section: Employee Ownershipsupporting

confidence: 89%

Section: Employee Share Ownershipmentioning

confidence: 99%

Section: Scope Of Employee Financial Participationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

Civinskas

Dvorak

2017

Engineering Management in Production and Services

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Employee ownership in China: new evidence

Pan

2024

JPEO

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PurposeWith specific big-data mining worked on 61,522 firm announcements, we discovered a diverse Employee Share Ownership Plan (ESOP) model in China, called “Core-Staff-Based ESOPs.” Distinct from standard broad-based or executive-based ESOPs, these specific targeted-broad-based ESOPs require the qualification for participants, involving the participation of senior executives, directors at the middle level and any other employees that make particular contributions to firms. We take on the challenge to analyze ESOP mechanism, firm characteristics and performance in the view of organizational ecology and resource-based choice-making, and explore which factors have influenced the ESOP development in China.Design/methodology/approachWe utilize a combination of approaches including qualitative and quantitative methods, and construct the main database of 117,767 firm-quarter data.FindingsFirstly, based upon our institutional research, we find no coercive mechanisms that force all the Chinese listed firms to implement ESOPs since 2005. Secondly, our binary logistic regressions identify ESOP firms’ specific properties significantly distinct from non-ESOP firms, and draw profiles for these ESOP firms. Thirdly, our panel regression test results sustain the rational of ESOP mechanism, demonstrating that ESOPs enable Chinese firms to improve performance both in profits and their industry positions. Finally, with further quantitative tests, we find out this ESOP design’s limitations and the heterogenous effects due to China’s environments.Originality/valueThe discovery of Core-staff-based ESOPs contributes a diversity to the standard framework of ESOPs, enhances our understanding of China’s ESOP development, and provides new evidence for ESOP performance.

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Employee involvement, financial participation and firm performance

Jones

Mygind

Sen

2019

JPEO

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Purpose The purpose of this paper is to investigate whether performance is enhanced if firms use employee involvement (EI) in decision-making and financial participation (FP) in an emerging market economy. Design/methodology/approach The authors use representative data for Estonian firms. The authors estimate diverse forms of production functions. Some are restricted to individual forms of EI (including membership on boards by nonmanagerial employees) or individual forms of FP (such as employee ownership and profit sharing). To investigate the complementarity hypothesis findings, the authors construct systems of EI and FP and estimate diverse specifications. Findings For individual forms of EI, cross-sectional estimates indicate that alone, typically such mechanisms have little impact. However, panel estimates do provide support for some forms of FP such as employee ownership and profit sharing increasing business performance. Tests of the complementarity hypothesis provide only weak evidence in support of the synergies between EI and FP. Research limitations/implications Together with the results from related studies, the findings support the more general finding that FP practices have positive effects on productivity; the limited impact of EI alone and weak evidence for complementarities suggest an important role for the institutional context in accounting for the effectiveness of the mechanisms underlying EI and thus to the differences in the impact of EI and FP across institutional contexts; reinforce findings from other studies of emerging market economies of inertia in EI and FP practices during early transition. Originality/value This is the first study for a former transition economy/emerging market economy that uses detailed information on EI and FP to investigate individual and complementary effects.

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Who uses employee financial participation in an adverse environment? The case of Estonia

Cited by 5 publications

References 44 publications

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

New social cooperation model in service oriented economy: the case of employee financial participation in the Baltic states

Employee ownership in China: new evidence

Employee involvement, financial participation and firm performance

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